Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 16,232 BrightView Holdings, Inc. (NYSE:BV)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has purchased 16,232 shares of BrightView Holdings, Inc., valued at approximately $208,000, indicating renewed interest from institutional investors.
• BrightView reported a quarterly earnings per share of $0.14, exceeding expectations, and had a revenue of $662.60 million, a slight decline of 1.5% year-over-year.
• Analysts have mixed sentiments about BrightView's stock with a current average rating of "Moderate Buy" and an average price target of $17.82, down from previous estimates.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,232 shares of the company's stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of BrightView by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,830,873 shares of the company's stock worth $93,236,000 after buying an additional 59,857 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of BrightView by 12.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,063,472 shares of the company's stock worth $64,976,000 after buying an additional 454,756 shares during the period. Cooke & Bieler LP boosted its position in shares of BrightView by 38.2% during the first quarter. Cooke & Bieler LP now owns 2,515,610 shares of the company's stock worth $32,300,000 after buying an additional 695,315 shares during the period. Bessemer Group Inc. boosted its position in shares of BrightView by 25.9% during the fourth quarter. Bessemer Group Inc. now owns 1,908,651 shares of the company's stock worth $30,520,000 after buying an additional 393,103 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in BrightView by 2.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 1,132,685 shares of the company's stock valued at $18,112,000 after purchasing an additional 24,328 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Insider Buying and Selling at BrightView

In other news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $14.40, for a total value of $167,040,000.00. Following the completion of the sale, the insider directly owned 21,533,123 shares of the company's stock, valued at approximately $310,076,971.20. The trade was a 35.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company's stock.

BrightView Stock Up 3.7%

NYSE BV traded up $0.57 during trading on Tuesday, reaching $16.17. 756,018 shares of the company's stock were exchanged, compared to its average volume of 750,572. The stock has a market cap of $1.54 billion, a P/E ratio of -808.10 and a beta of 1.26. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.42 and a current ratio of 1.42. The company has a 50 day moving average price of $15.86 and a two-hundred day moving average price of $14.75. BrightView Holdings, Inc. has a 1 year low of $11.81 and a 1 year high of $18.89.

BrightView (NYSE:BV - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. BrightView had a return on equity of 8.29% and a net margin of 1.65%. The company had revenue of $662.60 million during the quarter, compared to the consensus estimate of $643.29 million. During the same period in the previous year, the business earned $0.11 EPS. BrightView's revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities research analysts anticipate that BrightView Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Loop Capital decreased their target price on BrightView from $21.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, July 3rd. Wall Street Zen upgraded BrightView from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Finally, Robert W. Baird decreased their target price on BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, BrightView currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.82.

BrightView Profile

BrightView Holdings, Inc, through its subsidiaries, provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segment delivers a suite of recurring commercial landscaping services, including mowing, gardening, mulching and snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance.